Tag: news

Media playback is unsupported on your device Media caption’Thundersnow’ hits the US East Coast. Thousands of people were left without power as a storm brought more than 2ft (60cm) of snow to the US east coast. More than 800,000 customers were without electricity, including some who have been without power since last Friday’s powerful winter…

The long-running bankruptcy saga of Energy Future Holdings Corp. is coming to a close now that Texas has approved the sale of the company’s crown jewel. The Texas Public Utility Commission authorized Sempra Energy’s $9.45 billion purchase of Oncor Electric Delivery, the state’s largest utility, the company said in a statement. It was the last…

The Winklevoss twins said their main 2018 goal for Gemini Exchange, the Bitcoin and Ethereum trading platform they run, is eyeing expansion to other tokens such as Bitcoin Cash and Litecoin. Their comments have significance for Cboe Global Markets Inc., Gemini’s partner on Bitcoin futures. Cboe, a Chicago-based exchange, has signaled it wants to offer…

The United Nations first recognized International Women’s Day in 1975, sparking 38 years of annual demonstrations, private and public proclamations and a general recognition that even in the modern era, gender equality has a long way to go. More recently, the day has been an opportunity to consider how much has changed, which is especially…

Cigna Corp.’s $54-billion purchase of Express Scripts Holding Co. is being called the “best case scenario” for the pharmacy-benefits manager’s beleaguered investors. The deal is “clearly a positive turn of events” for Express Scripts, Evercore ISI’s Ross Muken wrote. The company’s role as a middleman hired by insurers and employers to negotiate discounts from drugmakers…

Media playback is unsupported on your device Media captionRufaro Chisango recorded the chants while locked in her room in halls Two men have been arrested after a video of racist slurs being shouted in university accommodation emerged. Rufaro Chisango tweeted the video of the abuse which apparently included “we hate the blacks” while locked in…

Martin Shkreli burst on the scene as an enfant terrible, a securities savant who was working on Wall Street at 17, set up his own hedge fund at 23, and launched the biotech company Retrophin Inc. after teaching himself biology. Some may remember him as the trader who shorted drug companies after trash-talking them. Or…

European Central Bank President Mario Draghi added his voice to those criticizing the U.S. threat to slap import tariffs on some products and called on governments to work together rather than end up in a tit-for-tat dispute. While he downplayed the impact on the economy, he said recent developments still raise questions about the health…

Dina Powell’s departure from the White House offered Wall Street the chance to enlist a rare set of skills: an industry insider who can also navigate President Donald Trump’s inner circle. Lloyd Blankfein seized it. The Goldman Sachs Group Inc. chief executive officer was the driving force behind the firm’s decision to rehire Powell and…

The biggest jump in U.S. wages since 2009 caught markets and economy watchers off guard last month. Whether the acceleration proves sustainable depends on people like Katie Shank. The 27-year-old said she lowballed her asking salary at a Seattle employer when she moved from North Carolina last year because she wanted to get hired quickly. Three months later, she…

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It was supposed to be a good year for Taoiseach Leo Varadkar. In January, for the first time since 2007, the Irish government—which was so savaged by the global financial crisis of 2008 that it was under the International Monetary Fund’s thumb until 2013—announced a budget surplus. Drastic survival tactics had paid off, including cutting […]